Globalization. Heard of it?
Does Globalization Matter? The business landscape is morphing faster than ever. Technology, including the big kahuna, AI, is bulldozing the business landscape. Letters on the keyboard are now sent internationally, instantaneously, and at a low cost. This, along with general world peace (for the majority), has opened doors to globalized business. Meaning that businesses can participate internationally. More than just locally, regionally, or nationally, but around the globe. Bigger market equals bigger scores. And the international market has just opened. There is untapped potential all around the globe. For example, a local brick and mortar aviation MRO shop in Mentor, Ohio called Component Repair Technologies has just been acquisitioned into a strategic partnership with Safran. Safran is a multi-billion dollar revenue business headquartered in France. Safran’s question is with direct intention. They have sold engines to operators around the world, and intend to develop a regional r...